Crestwood Advisors Group LLC Sells 5,438 Shares of Constellation Brands, Inc. (NYSE:STZ)

Crestwood Advisors Group LLC lessened its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,219 shares of the company’s stock after selling 5,438 shares during the quarter. Crestwood Advisors Group LLC owned approximately 0.07% of Constellation Brands worth $28,557,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Compagnie Lombard Odier SCmA bought a new position in Constellation Brands in the fourth quarter worth $27,000. Union Bancaire Privee UBP SA bought a new stake in Constellation Brands during the fourth quarter worth about $28,000. Eastern Bank purchased a new stake in Constellation Brands in the third quarter worth about $39,000. Versant Capital Management Inc increased its stake in shares of Constellation Brands by 887.5% during the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares in the last quarter. Finally, Centricity Wealth Management LLC bought a new position in shares of Constellation Brands during the fourth quarter valued at approximately $35,000. 77.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

STZ has been the topic of several recent research reports. Wells Fargo & Company cut their price target on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Argus cut Constellation Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Royal Bank of Canada restated an “outperform” rating and set a $293.00 price target on shares of Constellation Brands in a report on Monday, February 3rd. StockNews.com upgraded Constellation Brands from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Finally, Morgan Stanley reduced their price objective on shares of Constellation Brands from $280.00 to $220.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Constellation Brands has an average rating of “Moderate Buy” and an average price target of $254.29.

Constellation Brands Stock Performance

Shares of STZ opened at $176.00 on Monday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $274.87. The firm has a market capitalization of $31.81 billion, a P/E ratio of 47.31, a PEG ratio of 1.52 and a beta of 1.75. The business has a fifty day moving average of $194.29 and a 200 day moving average of $225.71.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.19 earnings per share. As a group, sell-side analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Friday, February 7th. Constellation Brands’s payout ratio is 108.60%.

Insider Activity

In related news, Director William T. Giles purchased 1,000 shares of the business’s stock in a transaction on Friday, January 17th. The stock was acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the acquisition, the director now owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 12.19% of the company’s stock.

Constellation Brands Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.